Business news from Ukraine

PGOK, ARCELORMITTAL KRYVYI RIH, CARGILL, KERNEL-TRADE ARE LARGEST RECIPIENTS OF VAT REFUNDS IN JAN

2 February , 2016  

KYIV. Feb 2 (Interfax-Ukraine) – The largest recipients of VAT refunds in January 2016 became Poltava Mining and Processing Plant (PGOK) with UAH 720.8 million (in December 2015 some UAH 177.4 million was reimbursed), ArcelorMittal Kryvyi Rih with UAH 511.5 million (UAH 1.027 billion), Cargill exporter of sunflower oil with UAH 335.2 million (UAH 141.3 million) and Kernel-Trade with UAH 332 million (UAH 335 million), the State Treasury Service has said.

According to its data, the top ten recipients of VAT refunds in January also included Mariupol Illich steel mill with UAH 318.5 million (UAH 286 million), Azovstal with UAH 254.8 million (UAH 305.4 million), Zaporizhstal with UAH 237.6 million (UAH 1.018 billion), Myronivsky plant for manufacturing feed and cereals with UAH 200 million (UAH 201.7 million), Rise seed producer with UAH 181.7 million (UAH 83.2 million), and Motor Sich manufacturer of aircraft engines with UAH 174.7 million (UAH 10,000).

In general, the amount of VAT refunds in January 2016 decreased to UAH 7.887 billion compared to December 2015, when the figure amounted to UAH 9.49 billion.